GolfGTIforum.co.uk
General => General discussion => Topic started by: emery1990 on 23 August 2011, 19:46
-
It's really bugging me, house prices next to them saying things like in excess of, offers starting from etc
is the price on actually on the screen ever the price the house goes for, or should I be looking for houses a bit less than what I want? Surely if it's up for 120k I'm not going to offer 125k! I'm going to other under if anything or doesnt' it work like that?
This is my first house btw.
-
hi there you dont say where you are looking to buy ... :undecided:
it sounds like the scottish system were they start at the lowest and expect bids above that , but in
the rest of the uk the asking price is usually the most they want :wink:
hope that helps :smiley:
-
Im right down south in portsmouth lol Ahh OK don't want to be a newbie asking for the asking the asking price or bit lower and them thinking i'm some kid who's having a laugh !
-
Go in and speak to the agency.
-
Just wanted to know for deposit reasons.
-
Just pretend your buying a car.
-
Don't start me, we had our house valued today and basically the estate agent hasn't even bothered to do any investigation work. He has just looked on ourproperty.co.uk (or similar) looked at what he thought we bought it for and just guessed what it is worth which is about £15k lower than we were expecting. The thing is I have done my investigation work and I know for a fact that he has UNDERVALUED our house.
-
with it being yor first house you are in a really good position as you are not in a chain. put the offer in that you want to and see what happens.
when i bought my house i definately wasnt the highest offer but i was in the same position as you and i got the house for asking price
-
always go in 20% lower than the asking price and take it from there, and in this climate never pay the asking price.
Don't start me, we had our house valued today and basically the estate agent hasn't even bothered to do any investigation work. He has just looked on ourproperty.co.uk (or similar) looked at what he thought we bought it for and just guessed what it is worth which is about £15k lower than we were expecting. The thing is I have done my investigation work and I know for a fact that he has UNDERVALUED our house.
get a couple more valuations
you don`t have to put it up for sale at there valuation, tell them how much you want to ask for it
-
with our house, it went up for sale, in 3 days we went in 5k under asking, got it and moved in 3 months later as there chain broke, would have been 4/8 weeks ifnot!
-
bought my house for 20k off asking price and moved in 3 months before contracts exchanged
first offer should always be semi serious but not daft....
-
always go in 20% lower than the asking price and take it from there, and in this climate never pay the asking price.Don't start me, we had our house valued today and basically the estate agent hasn't even bothered to do any investigation work. He has just looked on ourproperty.co.uk (or similar) looked at what he thought we bought it for and just guessed what it is worth which is about £15k lower than we were expecting. The thing is I have done my investigation work and I know for a fact that he has UNDERVALUED our house.
get a couple more valuations
you don`t have to put it up for sale at there valuation, tell them how much you want to ask for it
Already in motion, the problem is the original guy is a "friend" of my dads & I think he was just trying it on!
-
Ok thanks for the advice, I'll go in about 5k-7k less I think :smiley:
Also as I'm not going to keep it for long, maybe 5 years then aren't I best getting the longest mortgage possible so my monthly bill is as less as possible? Ive been offered 15% deposit and 4.4% from barclays, looking to get a 10% deposit really though..
-
Think you can get 5% ish deposits at the min. I payed 15% though.. another 38 yrs 9 months left on my mortgage :grin:
-
Think you can get 5% ish deposits at the min. I payed 15% though.. another 38 yrs 9 months left on my mortgage :grin:
:grin:
-
Also as I'm not going to keep it for long, maybe 5 years then aren't I best getting the longest mortgage possible so my monthly bill is as less as possible? Ive been offered 15% deposit and 4.4% from barclays, looking to get a 10% deposit really though..
Work out the interest over that period that you would pay over a better rate but shorter term mortgage and estimate what you will make out of the sale of this house, if you think it adds up then go for it, if not then dont. Surprising how much interest actually amounts to in 5 years.